Ethereum Classic Market Report: $ETC March 05 Airdrop

Brief:

$ETC has responded well to the pause in the slide of bitcoin, and an expected airdrop in March. Ethereum Classic is up 18.70% in 24 hours, up 7.87% on the week and up 27.05% on the month on a last price of 0.002837 BTC or about $22.63. The Ethereum Classic marketcap is $2,256,788,246 with a circulating supply of 99,725,508 $ETC. $ETC/BTC is trading between a 24hr high of 0.002850 BTC ($22.73) and a 24hr low of 0.002439 BTC ($19.46) on a 24hr OKEx volume of $120,143,000. This trading volume is moderate. The weekly price trend is mixed.

Price change

Volume

The 24 hour volume for $ETC/BTC on OKEx is $120,143,000. This volume weight is moderate when compared with OKEx daily trading levels for $ETC over the last month.

The total 24 hour volume for all reporting $ETC markets is $317,674,000.

Market Share

The OKEx currency pair $ETC/BTC is 37.82% of all $ETC traded in twenty-four hours. OKEx has the top two ETC pairs worldwide: BTC & USDT. Combined these represent over 46% of the ETC market:

Top Ten $ETC Pairs

Remarks

WOW! Can't believe that #ETC is skyrocketing🙀🙀🙀 to the moon now! Seem noone can stop it now 🚀🚀🚀. There is a great reason that people buy in a lot now. They will get #airdrop a new coin on 5 March at 1:1 ratio 😍😍😍 for #Callistopic.twitter.com/bfH6XT7jKT

$ETC has responded well to the pause in the slide of bitcoin, and an expected airdrop in March. Ethereum Classic is up 18.70% in 24 hours, up 7.87% on the week and up 27.05% on the month on a last price of 0.002837 BTC or about $22.63. The Ethereum Classic marketcap is $2,256,788,246 with a circulating supply of 99,725,508 $ETC. $ETC/BTC is trading between a 24hr high of 0.002850 BTC ($22.73) and a 24hr low of 0.002439 BTC ($19.46) on a 24hr OKEx volume of $120,143,000. In moderate volume trading the weekly trend is mixed.

Highlight Chart

Tap / click to enlarge:

$ETC has responded well to the pause in the slide of bitcoin, and an expected airdrop in March. Ethereum Classic is up 18.70% in 24 hours, up 7.87% on the week and up 27.05% on the month on a last price of 0.002837 BTC or about $22.63.

Data sources

Main Data Source

OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from OKEx.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:

market cap = ( circulating supply x last price )

Market cap

$ 2,256,788,246

Circulating supply

99,725,508

Last price

$ 22.63

Daily High Low

daily high

0.002850 BTC

daily low

0.002439 BTC

Trend

The weekly trend is mixed.

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period

resistance

day

0.002850 BTC

week

0.002850 BTC

Today’s high was the high for the week.

Support

Support is the lowest price within the period:

period

support

day

0.002439 BTC

week

0.002300 BTC

Market sentiment

Market sentiment is bullish.

Image courtesy Pixabay.com

Summary

$ETC has responded well to the pause in the slide of bitcoin, and an expected airdrop in March. Ethereum Classic is up 18.70% in 24 hours, up 7.87% on the week and up 27.05% on the month on a last price of 0.002837 BTC or about $22.63. The Ethereum Classic marketcap is $2,256,788,246 with a circulating supply of 99,725,508 $ETC. $ETC/BTC saw weekly resistance at 0.002850 BTC ($22.73) and weekly support at 0.002300 BTC ($18.34). Market sentiment is bullish. The weekly price trend is mixed in daily moderate volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer: